Full Answer
What was the patient portal market size in 2018?
The global patient portal market size was valued at USD 1.9 billion in 2018 and is expected to grow at a CAGR of 17.6% over the forecast period. The rising number of healthcare facilities adopting the patient portals are contributing to market growth.
What is the forecast period of patient portal market research report?
The patient portal market was valued at USD 2,608.5 million in 2020, and it is expected to reach USD 5,980.5 million by 2026, registering a CAGR of 14.83% during the forecast period. As COVID-19 march the globe the need for data sharing across various platforms and with patients has become essential.
What is a patient portal in healthcare?
As per the scope of the report, the patient portal is a web-based access point that is connected with the electronic health records (EHR) systems and is focused on patient’s access to health records. The patients can share their health information and communicate remotely. These allow patients to look into various data points.
What are the factors driving the growth of patient portal market?
The rising number of healthcare facilities adopting the patient portals are contributing to market growth. Also, increasing demand for Electronic Health Record (EHR) and mandatory federal norms are responsible for the increased usage of patient portals.
How do you market a patient portal?
Seven tips on how to promote your patient portal Add a tag line to appointment cards, statements, newsletters, and other communication. An example: “Tired of playing phone tag? Sign up for the patient portal.” Change your practice's on-hold messaging to include information introducing the patient portal.
What is the most popular patient portal?
Top 10 Patient Portal Software By EMRSystemsEpic EHR Software's MyChart.athenahealth EMR Software's athenaCommunicator.PrognoCIS EMR Software.Cerner Specialty Practice Management Software.eClinicalWorks EMR Software's Patient Portal and Healow App.Greenway PrimeSUITE EHR Software.NextGen Healthcare EHR Software.More items...•
What are the different types of patient portals?
There are two main types of patient portals: a standalone system and an integrated service. Integrated patient portal software functionality usually comes as a part of an EMR system, an EHR system or practice management software. But at their most basic, they're simply web-based tools.
What is the purpose of a patient portal?
A patient portal is a secure online website that gives patients convenient, 24-hour access to personal health information from anywhere with an Internet connection. Using a secure username and password, patients can view health information such as: Recent doctor visits. Discharge summaries.
How common are patient portals?
Nearly 40 percent of individuals nationwide accessed a patient portal in 2020 – this represents a 13 percentage point increase since 2014. The proportion of individuals who were offered and accessed a patient portal did not increase between 2019 and 2020.
What is the difference between EHR and EMR?
Although some clinicians use the terms EHR and EMR interchangeably, the benefits they offer vary greatly. An EMR (electronic medical record) is a digital version of a chart with patient information stored in a computer and an EHR (electronic health record) is a digital record of health information.
Why do patients not use patient portals?
Disadvantages of patient portals result in these lower rates of use. For some people, they avoid using the portals altogether for reasons like security issues, low health literacy, or lack of internet. Even for those who do access their accounts, there are still other disadvantages of patient portals.
What are the disadvantages of patient portals?
The most frequently reported downside to patient portals is the difficulty providers often face in generating patient buy-in. Although providers are generally aware of the health perks of using a patient portal, patients are seldom as excited about the portal as they are.
When did patient portals start?
In the late 1990s and early 2000s, the earliest adopters of patient portals began offering electronic tools for patient-centered communication, often “tethered” to their integrated electronic health record system.
Who develops patient portals?
Some vendors, such as athenahealth, Epic Systems and Cerner offer patient portals as one module of a complete Electronic Health Record (EHR) system. Other vendors, such as Allscripts and Medfusion, offer patient portals that can be integrated with any EHR.
Do patients like patient portals?
Eight studies reported that patients or their caregivers want more portal education, training, or support. Two studies found that their participants want human connection as they learn about the portal and how to use it, as well as when they encounter issues.
Are patient portals good?
Engaging patients in the delivery of health care has the potential to improve health outcomes and patient satisfaction. Patient portals may enhance patient engagement by enabling patients to access their electronic medical records (EMRs) and facilitating secure patient-provider communication.
What is the study period of this market?
The Global Patient Portal Market market is studied from 2018 - 2026. Read More
What is the growth rate of Global Patient Portal Market?
The Global Patient Portal Market is growing at a CAGR of 14.83% over the next 5 years. Read More
What is Global Patient Portal Market size in 2018?
The Global Patient Portal Market is valued at 2608 Million USD in 2018. Read More
What is Global Patient Portal Market size in 2026?
The Global Patient Portal Market is valued at 5980 Million USD in 2026. Read More
Which region has highest growth rate in Global Patient Portal Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026. Read More
Which region has largest share in Global Patient Portal Market?
North America holds highest share in 2021. Read More
Who are the key players in Global Patient Portal Market?
Allscripts Healthcare Solutions Inc., McKesson Corporation, CureMD Healthcare, Athenahealth, Inc., Cerner Corporation are the major companies opera...
A Snapshot of Pros and Cons of Patient Portals
1301 Shoreway Road, Suite 160, Belmont, CA 94002 6701 Koll Center Parkway, #250 Pleasanton, CA 94566 Tel: +1 408 365 4638
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evolution of patient portals Archives - Electronic Health Reporter
What is the global patient portal market?
The global patient portal market size was valued at USD 1.9 billion in 2018 and is expected to grow at a CAGR of 17.6% over the forecast period. The rising number of healthcare facilities adopting the patient portals are contributing to market growth. Also, increasing demand for Electronic Health Record (EHR) and mandatory federal norms are responsible for the increased usage of patient portals.
What is integrated patient portal?
Integrated patient portals dominated the type segment in terms of revenue share in 2018. About the increasing adoption of EHRs, pre-integrated patient portals are preferred by healthcare professionals. Integrated portals eliminate the need to develop a separate customized system to bridge the gap between physician requirements and patient information.
Industry Trends
Patient Portal Market size exceeded USD 3.1 billion in 2020 and is anticipated to grow at a CAGR of over 14.1% between 2021 and 2027. Growing adoption of patient-focused models in healthcare settings by healthcare providers and payers is stimulating the market growth.
Rising penetration of EHR solutions will amplify the patient portal market revenue
The increasing penetration of EHRs solutions by healthcare providers assists patients to access and monitor their medical information & increase patient participation in managing their healthcare. Growing usage of these services by federal, non-federal hospitals as well as individual physicians, thereby promotes the market potential.
Advantages of integrated portals such as efficiency, multiple functionality and cost-effective solutions to expedite the market demand
The integrated portals segment in the patient portal market was valued at more than USD 2.08 billion in 2020 led by the ability of integrated portals to offer one-stop solutions that aid in fuelling efficiency, multiple functionality and cost-effective solutions.
Reduced preliminary expenses and high preference among independent medical practitioners will augment the cloud-based patient portal services
The patient portal market for cloud-based segment is expected to showcase 14.5% growth rate through 2027 impelled by the high preference & rising acceptance of EHR systems by small scale users, affordable pricing, and improving data safety measures for cloud-based portal services.
Growing usage of patient portal services by healthcare providers segment to soar the industry revenue
The healthcare providers segment crossed USD 1.44 billion by 2027 owing to the high penetration of EHR services including patient portals in the healthcare facilities.
Favorable government policies coupled with advanced technological infrastructure in North America will prove conducive for the industry progression
U.S. patient portal market is predicted to reach over USD 3.36 billion by 2027 on account of the incentivized government policies for EHR system developers and adopters, technological advancements, successful incorporation of IT technologies and high acceptance for advanced technologies in the country.
Strategies adopted by prominent players are estimated to facilitate the business growth
Some of the major companies operating in the market are Allscripts Healthcare Solutions, Inc., McKesson Corporation, Cerner Corporation, GE Healthcare, NextGen Healthcare Information Systems, LLC, Epic Systems Corporation, Inc., and Greenway Health, LLC.
What are the factors that drive the Patient Portal industry?
The major factors that are anticipated to drive the Patient Portal industry include adoption of the patient-centric approach, increasing demand for electronic health records (EHR), and expanding aging population increase the rate of chronic diseases.
Is AllScripts a partner of XRHealth?
Sep-2019: AllScripts came into partnership with XRHealth, a leader in extended reality and therapeut ic applications. In this partnership, XRHealth will provide an integrated AR/VR platform, leveraging AllScripts Open APIS. This partnership offers a platform to the doctors in which they can view all the critical information of the patients.
Report Overview
The global patient portal market size was valued at USD 2.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 19.3% from 2022 to 2030. The rising number of healthcare facilities adopting patient portals is contributing to market growth. Also, increasing demand for Electronic Health Rec…
Type Insights
- Integrated portal held the dominant revenue share of 58.1% in 2021, due to its ability to provide one-stop solutions that help with efficiency, multiple functionality, and cost-effective solutions. Integrated portals eliminate the need to develop a separate customized system to bridge the gap between physician requirements and patient information. Additionally, research efforts concentr…
Delivery Mode Insights
- In 2021, the web-based segment with 66.0% held the maximum share of the market. The growth of the segment can be attributed to the benefits offered by this software, such as shorter implementation time, no additional investment for hardware, automatic software updates, and low initial investment. Unlike on-premises software, web-based software can be installed off-site an…
End-Use Insights
- The providers segment dominated the market in 2021 and is anticipated to be the fastest-growing segment over the forecast period. Over 90% of hospitals, according to the Office of the National Coordinator for Health IT (ONC), give users access to their medical records, with 72 percent of organizations granting users the ability to view, download, and transmit their entire medical reco…
Regional Insights
- North America dominated the market with a share of 44.05% in 2021, owing to the technological advancements in healthcare IT. Countries like the United States and Canada have had success integrating IT technologies into their healthcare systems, which could drive market growth. Over 130 million people in the U.S. suffer from at least one chronic condition. These conditions are re…
Key Companies & Market Share Insights
- The market is highly fragmented due to the presence of a large number of players. The market leaders are emphasizing strategic formulations such as partnerships, new product development & commercialization, collaborations, and others to expand their presence. The key market participants are substantially spending on R&D activities, which allows them to develop unique s…
Segments Covered in The Report
- This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2030. For this study, Grand View Research has segmented the global patient portal market report based on type, delivery mode, end-use, and region: 1. Type Outlook (Revenue, USD Million, 2016 - 2030) 1.1. Sta…
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